Your hashrate is your vote.
I would like to inform new member and older miners alike. The ethereum core devs are once again reducing rewards in order to increase their and others holding value at the expense of miners. Please do your research. More than 50% of the network hashrate is currently flagging to oppose eip 1559. You can check your pools stance at stopeip1559.org. Also, bitsbetripping and other mining youtube channels have been having zoom calls to discuss the issue. The recorded call can be found on his and many others channels.


   Older members may know this. For new member to the community I would like to explain how the core devs continue to extract value from miners to enrich themselves.
   When ethereum began the block reward was 5 eth per block. While using the postponment of pos as an excuse the core devs reduced the block reward to 3. This did indeed increase the price of eth and was one of the catalyst for the 2017 - 2018 bubble. After the burst it started to become more public that asics were available. While all but promising to implement progpow to disable the new asics the core devs once again reduced the reward from 3 to 2 eth per block. After nearly 2 years of eip-1057 progpow being approved, going through a audit paid for by miners,being tested and proven stable on testnet the entire project was tabled. Many miners made investment to protect the network from asics while the 2 year fiasco took place.
   Now once again the core devs are deceptive advertising eip 1559 as a benefit for the community. The proposal will burn transaction cost. When you see the block reward current averaging around 4 eth. 2 of that is the standard 2 eth block reward. The other 2 eth are transaction fees. These transaction fees have always gone to miners as part of the incentive to mine. If not stopped these fees will be burn. Which is a easy way to say permanently removed from supply. This will cause a minimum 30 percent reduction in mining rewards.

Anote that the idea of miner added value is going around to fool miners to believe the profits will not decrease this much. The core devs already have a proposal that eliminates any opportunity of miners earning from mev.

Please stay informed and do research. Weather or not you oppose 1559 everyone should choose a pool that flags to their choice.Thank you for reading.

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